Page 21 - DMTH404_STATISTICS
P. 21

Sachin Kaushal, Lovely Professional University                Unit 2: Methods of Enumeration of Probability




                   Unit 2: Methods of Enumeration of Probability                                  Notes




              CONTENTS

              Objectives
              Introduction
              2.1  Probability : Axiomatic Approach
                   2.1.1 Probability of an Event : Definition

                   2.1.2 ProbabJlity of an Event : Properties
              2.2  Classical Definition of Probability
              2.3  Summary
              2.4  Keywords

              2.5  Self Assessment
              2.6  Review Questions
              2.7  Further Readings



            Objectives


            After studying this unit, you will be able to:
                Discuss probabilities to the outcomes of a random experiment with discrete sample space,
                Explain properties of probabilities of events, I

                Describe the probability of an event,
                Explain conditional probabilities and establish Bayes theorem,

            Introduction

            In this unit, we shall introduce you to some simple properties of the probability of an event
            associated with a discrete sample space. Our definitions require you to first specify the probabilities
            to be attached to each individual outcome of the random experiment.
            Therefore,  we need to answer the question  : How  does one assign probabilities to each and
            every individual outcome? This question was answered very simply by the classical probabilists
            (like Jacob Bernoulli). They assumed that all outcomes are equally likely.

            Therefore, for them, when  a random experiment has  a finite number  N  of outcomes,  the
            probability  of each  outcome  would  be 1/N.  Based on this assumption  they  developed  a
            probability theory, which we shall briefly describe in Sec. 6.4. However, this approach has a
            number of logical difficulties. One of them is to find a reasonable way of specifying  “equally
            likely outcomes.”
            However, one possible way out of this difficulty is to relate the probability of an event to the
            relative frequency with which it occurs. To illustrate this point, we consider the experiment of
            tossing a coin a large number of times and noting the number of times “Head” appears.




                                             LOVELY PROFESSIONAL UNIVERSITY                                   13
   16   17   18   19   20   21   22   23   24   25   26